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Stamp Duty Land Tax (Temporary Relief) Bill (Ways and Means)
13 July 2020
Type
Bill Debate
At a Glance
Issue Summary
The statement discusses modifications to Stamp Duty Land Tax for land transactions during a specified period from July 8, 2020, to March 31, 2021.
Action Requested
A Bill is presented to reduce the amount of stamp duty land tax chargeable on the acquisition of residential property for a temporary period. The bill has been read the first time and will be read a second time now.
Key Facts
- The temporary relief period begins on July 8, 2020, and ends on March 31, 2021.
- The Finance Act 2003 is being modified to provide for reduced stamp duty land tax.
- The Bill will be read the second time now.
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Assessment & feedback
Summary accuracy